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What is 'Fair Market Value - FMV' In its simplest sense, fair market value (FMV) is the price that property would sell for on the open market.
Given all these conditions, fair market value should be an accurate and fair valuation of the worth. Fair Value is a very similar concept to fair market value with minor differences. It is usually used in financial reporting or litigation matters. Intrinsic value is the actual value of a company or an asset as opposed to its market value. It is also called fundamental value. It includes variables such as brand name, patents, copyrights, business model and personal contacts which are difficult to properly value in the open market. Therefore intrinsic value is a more subjective term than fair market value as different investors use different techniques to calculate intrinsic value. Liquidation value is the price of a companyâs tangible assets if it goes out of business and needs to be liquidated within limited period of time.